AL177 -Long-Established Motor Repair MOT Garage with Busy Bodyshop
Business for sale
Asking Price:
£260,000
Turnover:
£217,000
Annual profit:
100k to 149k
Audited accounts:
Yes
Management accounts:
Yes
Business description
This very well respected MOT service garage with coachwork facilities was established by the vendor and his brother in 1986 on the site of a previous garage. With many years engineering experience behind him, the vendor quickly established a name for high quality work at reasonable costs. The partnership ended a number of years ago, with the vendor’s brother returning to his native Canada. The business is located on a busy well known road in a light industrial area of West London, close to a major shopping development and hospital. The garage can handle al types of motor maintenance and repair on-site with the range of diagnostic machines. Having the spray booth on site results in a tremendous amount of referral work from other independent and franchised garages in the area, looking to outsource coachworks.The garage enjoys a healthy split of trade, with around 60% of the revenue coming from body work and repair, including a high level of insurance work, the remaining 40% is derived from mechanical motor maintenance, repair, and MOT services. Again, the MOT bay provides a great stream of private individuals, many of home have been returning over the decades, and referrals.
The business also enjoys a good level of corporate clients, with businesses in the area sending their small fleets of vehicles for regular work. The garage is a true one-stop shop, and provides an exemplary level of work within a fast 24 hour turnaround at a competitive price. The garage has also conducted some major restoration projects, taking cars from a dilapidated state and providing a full solution including engine and coachwork rebuilds. The reputation and goodwill is a great asset to the business, and will provide new owners of the business with a steady stream of work for many years to come, keeping the respected workforce busy.
Employee details
Fulltime staff:
8
Parttime staff:
0
